Barclays continues to be a leader in this space, demonstrating our commitment to become the ‘Go-To’ bank by giving people access to finance, grow their business, take out a household loan or improve their quality of life.
One of the ways in which we are passing on all the benefit from the FLS to our customers is through our Cashback for Business initiative, offering 2% cashback on loans for small and medium-sized enterprises (SMEs) in the UK. This product has been extremely popular with our clients and will run out at the end of 2013.
“We are keen to lend responsibly to those who need it,” said Steve Cooper, Head of Personal and Business Banking.
He continued: “Our share of SME lending has been on a continual upward trend since the launch of FLS, and demand for household borrowing continues to be strong, with the ongoing low interest rates being an attractive draw.”